Everyone Who Thinks Facebook Is Stupid To Buy WhatsApp For $19 Billion Should Think Again ...http://www.businessinsider.com/why-facebook-buying-whatsapp-2014-2/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sat, 10 Dec 2016 01:18:30 -0500Henry Blodgethttp://www.businessinsider.com/c/53078d2a6bb3f70c7614771cjoebaggadonutsFri, 21 Feb 2014 12:30:18 -0500http://www.businessinsider.com/c/53078d2a6bb3f70c7614771c
If they could have bought it for less money it would have been smarter. Just sayin.http://www.businessinsider.com/c/53074a71ecad0447327100fedarina.doroganFri, 21 Feb 2014 07:45:37 -0500http://www.businessinsider.com/c/53074a71ecad0447327100fe
Great news validating real time / OTT communication market and it being disrupted with new technology. No need to be a Cisco / Microsoft / AT&T to build powerful social / business communication technology anymore. There is a number of emerging platforms such as QuickBlox <a href="http://quickblox.com/" target="_blank" rel="nofollow" >http://quickblox.com/</a>, Twilio, TokBox etc enabling you to build functionality such as WhatsApp / Viber / Skype / FaceTime literally in days. We shall expect to see more success stories from the likes of WhatsApp.http://www.businessinsider.com/c/53070c7eeab8ea892e65d3e8ciwFri, 21 Feb 2014 03:21:18 -0500http://www.businessinsider.com/c/53070c7eeab8ea892e65d3e8
All wrong ... Facebook had only one reason to buy whatsapp > To kill it ! Facebook knows about it's own bad reputation, but simply diesnt give a crap. It's a multi billion business selling humint and sigint to commercial companies, as well as to government agencies like the NSA. So Facebook knew all along .. They simply had to buy the competing app to get rid of it. And it worked. Millions of people backstabbed by the whatsapp owners for approximatelly 16 billion reasons.http://www.businessinsider.com/c/5306ce846bb3f7477165d3e5ooohlalalarryThu, 20 Feb 2014 22:56:52 -0500http://www.businessinsider.com/c/5306ce846bb3f7477165d3e5
There were amazing companies who raised millions and billions in 1999 because they had millions of 'eyeballs', clicks, page views, ... Where are they now?
This is no different. Good luck monetizing users to justify the price down the road.
One thing is true, Facebook can afford it because plenty of suckers out there bought into their story.http://www.businessinsider.com/c/5306cb6deab8ea7d42173d21Jayme Pereira NunesThu, 20 Feb 2014 22:43:41 -0500http://www.businessinsider.com/c/5306cb6deab8ea7d42173d21
lol.. a lot of experts in here saying what they would do with that amount of money "buy tbonds, this and that" thats why they WOULD DO, and never will.. they are too experts to do anything.http://www.businessinsider.com/c/5306c9a069bedd7950173d1fbushmillsrocksThu, 20 Feb 2014 22:36:00 -0500http://www.businessinsider.com/c/5306c9a069bedd7950173d1f
Yes but who is actually backing the investment? With whose money? I don't think Facebook is transferring five or six billion in cash, it looks like it's done on credit. Facebook users never actually spend considerable money on Facebook since it doesn't have anything other than ads and game money as product. I think eight something billion dollars ad revenue of Facebook is somewhat inflated. Considering whatsApp users are actually Facebook haters, thats why they have that many users, being an alternative, it doesn't look good in the end. Having trouble making sense of it all. Just my two cents. It would have costed a fraction of it to make Facebook Messenger or Facebook apps great rather than wasting resources.http://www.businessinsider.com/c/5306b5cbeab8ea136deec71elukmanleongThu, 20 Feb 2014 21:11:23 -0500http://www.businessinsider.com/c/5306b5cbeab8ea136deec71e
Joke in 2020, "If you remember FB and WA, your childhood was awesome"http://www.businessinsider.com/c/53069c75eab8ea971feec716Queen GertrudeThu, 20 Feb 2014 19:23:17 -0500http://www.businessinsider.com/c/53069c75eab8ea971feec716
The gentleman doth protest too much, methinks.http://www.businessinsider.com/c/530683e9ecad045f14eec71dNumbersSpeakThu, 20 Feb 2014 17:38:33 -0500http://www.businessinsider.com/c/530683e9ecad045f14eec71d
This article (and the FB-WA deal) flies in the face of basic investment valuation fundamentals and basic math. A $20M revenue model as it stands today and with the grossly-over-estimated "potential" of $450M - none of these numbers are even close to the $16 billion valuation. Heck, it's inflated compared to even the $3B cash deal. There aren't enough people on the planet to justify that valuation LOL.http://www.businessinsider.com/c/53067e75ecad04f079eec71fajk77Thu, 20 Feb 2014 17:15:17 -0500http://www.businessinsider.com/c/53067e75ecad04f079eec71f
this would be all fine and funny in smartest guys in the room land if Zuckerberg wasn't managing $200 billion of people's wealth. and offering billions if the deal doesn't go through (fiduciary?) - that's just reckless. Also, I wonder why we have a wealth inequality problem in this country.http://www.businessinsider.com/c/5306631d6da811684680b856kmetThu, 20 Feb 2014 15:18:37 -0500http://www.businessinsider.com/c/5306631d6da811684680b856
The way I see it, FB is putting to "good" use it's ridiculous valuation. After all this deal is mostly funded via shares which are at really inflated prices. So they not really paying 19B.
Having said that, I'm not sure Henry really managed to say anything that could lend credibility to this operation. If I was a board member I'd surely request a lot more to give the go ahead. I definitely need more hard data to see how and why the deal makes sense.http://www.businessinsider.com/c/530647846da811b54b80b853jackn3Thu, 20 Feb 2014 13:20:52 -0500http://www.businessinsider.com/c/530647846da811b54b80b853
Nice censorship! buh-byehttp://www.businessinsider.com/c/530643a169beddff55b86a12DylanThu, 20 Feb 2014 13:04:17 -0500http://www.businessinsider.com/c/530643a169beddff55b86a12
Most users of WhatsApp use it because this way they do not have to pay an SMS plan. Most WhatsApp users are from countries outside the USA or users who have prepaid data plans.
One thing I have yet to see is a breakdown of WhatsApp users per country.http://www.businessinsider.com/c/530640e36bb3f73e7716d250AnonyThu, 20 Feb 2014 12:52:35 -0500http://www.businessinsider.com/c/530640e36bb3f73e7716d250
Totally agree with Blodget's view. In Economics (microeconomics) parlance, the worst thing for any company is perfect competition - because it leads to no player having pricing power or control over their destiny. And if FB were to have WhatsApp, Twitter, SnapChat, WeChat and others as competition - with each controlling ~20% of user time and attention, then their clients/Ad Agencies will play one against the other - and they would all be commoditized into perfect competition.
With FB (+Instagram) + WhatsApp, they will be the default - and all agencies will tailor themselves for FB and then extrapolate it to the others, thereby giving FB pricing power.http://www.businessinsider.com/c/53063fa86da811ad3080b84fjackn3Thu, 20 Feb 2014 12:47:20 -0500http://www.businessinsider.com/c/53063fa86da811ad3080b84f
Henry Blodgethttp://www.businessinsider.com/c/53063f8eecad04092516d249chris hauserThu, 20 Feb 2014 12:46:54 -0500http://www.businessinsider.com/c/53063f8eecad04092516d249
oh, i don't know, is fb worth 175b?
when will it earn 10b?
that's what i'd like to know.http://www.businessinsider.com/c/53063f6c6bb3f73e7716d243jackn3Thu, 20 Feb 2014 12:46:20 -0500http://www.businessinsider.com/c/53063f6c6bb3f73e7716d243
Henry Blodgethttp://www.businessinsider.com/c/53063a4f69bedd902ab86a15FBneeds2GOThu, 20 Feb 2014 12:24:31 -0500http://www.businessinsider.com/c/53063a4f69bedd902ab86a15
Most comments about this are spot on about why this is a silly move. All I can say is...AOL and Time Warner deal. Essentially that began AOL's downward spiral. We will see if that happens here. FB can't buy every new social/texting app that the majority of users switch to on a whims notice. Good luck Zuck!http://www.businessinsider.com/c/53062f8869bedd7803b86a16Henry123Thu, 20 Feb 2014 11:38:32 -0500http://www.businessinsider.com/c/53062f8869bedd7803b86a16
How about "WeChat"?
WeChat is the fifth most used smartphone app worldwide and in August 2013 WeChat claimed it had 100 million registered international users which it is achieved in only 3 months from 50 million registered international users. It also claimed 300 million registered Chinese users.http://www.businessinsider.com/c/53062da76bb3f7c64016d243David JonesThu, 20 Feb 2014 11:30:31 -0500http://www.businessinsider.com/c/53062da76bb3f7c64016d243
"There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present." -- John Kenneth Galbraithhttp://www.businessinsider.com/c/53062a53ecad049e5416d243OMFWThu, 20 Feb 2014 11:16:19 -0500http://www.businessinsider.com/c/53062a53ecad049e5416d243
When your product or service is a fad, you have to buy the next fad to stay relevant. This acquisition is a sign not of Facebook's strength, but of it's long term weakness. Fortunately for them, they get to use monopoly money to pay for it.http://www.businessinsider.com/c/530625946bb3f7211d16d250eilowny---Thu, 20 Feb 2014 10:56:04 -0500http://www.businessinsider.com/c/530625946bb3f7211d16d250
facebook just bought its biggest threat. a real serious one too. whatsapp is sharing more photos a day than is facebook.
facebook isnt looking at return on investment here.
PE doesnt matter here.
they are looking at making sure facebook keeps its market, keeps its advertisers, and owns the competition.
will our gov allow facebook to just keep buying the competition?
it hurts consumers by eliminating choice.
perfect grounds to block the merger on antitrust.http://www.businessinsider.com/c/53061f4169beddfc4ab86a14kmqThu, 20 Feb 2014 10:29:05 -0500http://www.businessinsider.com/c/53061f4169beddfc4ab86a14
When adding additional Data for Youtube the average revenue per user can increase by another £5.
Discount operators such as Lyca that sell for below cost price wont be around for much longer!http://www.businessinsider.com/c/53061e556da811321880b85aWhatsWhatsAppThu, 20 Feb 2014 10:25:09 -0500http://www.businessinsider.com/c/53061e556da811321880b85a
I'm 23 and I have heard about WhatsApp, but have never seen it, nor know of anyone who uses it. I can send voice messages, texts, pictures already...why do I need a separate app for that?http://www.businessinsider.com/c/53061e0469bedddd41b86a21ByteMeThu, 20 Feb 2014 10:23:48 -0500http://www.businessinsider.com/c/53061e0469bedddd41b86a21
Bahahahaha. Funny but sad more Americans fapp than eat every dayhttp://www.businessinsider.com/c/53061db26bb3f7d90416d245jackn3Thu, 20 Feb 2014 10:22:26 -0500http://www.businessinsider.com/c/53061db26bb3f7d90416d245
Confirmed. this site's implementation is screwed.http://www.businessinsider.com/c/53061da7eab8ea174e16d241kmqThu, 20 Feb 2014 10:22:15 -0500http://www.businessinsider.com/c/53061da7eab8ea174e16d241
5 mins on the phone with your bank and it costs over £1 to fix some problem.
Most business numbers are non geographic, so that's where the additional £5 of revenue comes from.http://www.businessinsider.com/c/53061d4f6da811ac1780b855Crass AlertThu, 20 Feb 2014 10:20:47 -0500http://www.businessinsider.com/c/53061d4f6da811ac1780b855
yeah really, based on the regurgitated content and the so called editing, BI is well over due for a page 3 girl somewhere.http://www.businessinsider.com/c/53061d376da811f01280b857jackn3Thu, 20 Feb 2014 10:20:23 -0500http://www.businessinsider.com/c/53061d376da811f01280b857
You should check your email. I am sure you have a few WatsApp phishing probes in your inbox.http://www.businessinsider.com/c/53061c0069bedd5f36b86a19Tony325Thu, 20 Feb 2014 10:15:12 -0500http://www.businessinsider.com/c/53061c0069bedd5f36b86a19
This looks like 1999 all over again, oh! how history repeats itself. Yet replete with stubborn victims who fail to take heed.
Pity the foolish investors.http://www.businessinsider.com/c/530619fd6da811100480b85akmqThu, 20 Feb 2014 10:06:37 -0500http://www.businessinsider.com/c/530619fd6da811100480b85a
Why would someone use WhatsApp when most tariffs have unlimited Texts. Only geeks, that's under 20% have messaging apps like WhatsApp/Skype installed on their phones!
Vodafone 900 mins Unlim Txt 500 MB Data for £13
O2 100 mins Unlim Txt 100 MB Data for £8
O2 600 mins Unlim Txt 750 MB Data for £16
O2 Unlim Mins Unlim Txt 2 GB Data for £36
Special numbers such as 0500/0845/0871/070 charged between 20-66p
Average revenue per User comes in at £20 per month and when spreading the cost of a smartphone comes to around £30.http://www.businessinsider.com/c/530619e969beddd12fb86a22tommyVThu, 20 Feb 2014 10:06:17 -0500http://www.businessinsider.com/c/530619e969beddd12fb86a22
Spending this much in a tech bubble worries me. what happens to FB should market correct 30% from here??http://www.businessinsider.com/c/530615deecad049e1716d23fRedmondsThu, 20 Feb 2014 09:49:02 -0500http://www.businessinsider.com/c/530615deecad049e1716d23f
Facebook is dumb regardless, but what are the odds 'WhatsApp' is still around in 2 years, much less the 50 years it would take FB to BREAK EVEN on this deal. lolhttp://www.businessinsider.com/c/5306148e69beddc61bb86a1eFocushawk72Thu, 20 Feb 2014 09:43:26 -0500http://www.businessinsider.com/c/5306148e69beddc61bb86a1e
If What'sApp is worth $19Bil then BI must be worth $50Bil, right?http://www.businessinsider.com/c/530614646bb3f78d6916d23fha haThu, 20 Feb 2014 09:42:44 -0500http://www.businessinsider.com/c/530614646bb3f78d6916d23f
Comment from Yahoo News - Robert wrote:
I am currently working on a Food Stamp App that is called Fapp. Hopefully by the end of the year I will have Americans Fapping everyday.http://www.businessinsider.com/c/530614076bb3f7706116d24dBedheadThu, 20 Feb 2014 09:41:11 -0500http://www.businessinsider.com/c/530614076bb3f7706116d24d
Banks giving out mortgages to anyone with a pulse around 2005 was also a "bold move"http://www.businessinsider.com/c/530613096da811786980b853BoredThu, 20 Feb 2014 09:36:57 -0500http://www.businessinsider.com/c/530613096da811786980b853
Henry is trying to keep inflating the social media bubble.
At the same time he is calling for a stock market crash.
Talking out of both sides of his mouth.
See how Wall St analysts work!http://www.businessinsider.com/c/530610f56bb3f7795b16d241jacqThu, 20 Feb 2014 09:28:05 -0500http://www.businessinsider.com/c/530610f56bb3f7795b16d241
A lot of potential synergies and strat revenue base for FB:
anticipating future market concentration
reaching non-FB whatsapp users
whatsapp vs FB customer profiling
cell phone db
NSA db
is it worth $19B? dunohttp://www.businessinsider.com/c/53060f4369beddf404b86a24DMEThu, 20 Feb 2014 09:20:51 -0500http://www.businessinsider.com/c/53060f4369beddf404b86a24
This is the type of thinking that exists in a world where money is not real and companies do not need to produce anything of real value. The FED and banks conjure up any amount of billions and trillions of dollars out of thin air and pass it along to TBTF banks, hedge funds, shadow banks and other organizations that exist only as bits and bytes in computers. The real world where people live by actually doing work and producing something like food is a totally separate entity. Someday soon we they will get tired of supporting the imaginary world of HB.http://www.businessinsider.com/c/53060eca6bb3f7075416d248TheodoreBallgamePhDThu, 20 Feb 2014 09:18:50 -0500http://www.businessinsider.com/c/53060eca6bb3f7075416d248
Ol' Hank must own some Facebook stock.http://www.businessinsider.com/c/53060e436da811275680b84fJaydeeThu, 20 Feb 2014 09:16:35 -0500http://www.businessinsider.com/c/53060e436da811275680b84f
The last two weeks have been especially bad with the loading for me (on multiple devices). Its almost like something broke and they cant figure out what happened.http://www.businessinsider.com/c/53060e416da811fd5480b859ExactlyThu, 20 Feb 2014 09:16:33 -0500http://www.businessinsider.com/c/53060e416da811fd5480b859
And if these WhatsApp users can't pay for simple data plans with messaging, how on earth are they going to help pay off this $19B deal? Doesn't seem like they are going to be easily monetized. Reminds me of the "hot" crowd that comes in first and moves out just as quickly. What a waste.http://www.businessinsider.com/c/53060c4a69beddc976b86a26Nice, but...?Thu, 20 Feb 2014 09:08:10 -0500http://www.businessinsider.com/c/53060c4a69beddc976b86a26
FB aside, what IS stupid is the new BI home page design! Usability of the site is getting to "not worth it" levels with all the clicking required so you can show full page ads that last way too long.http://www.businessinsider.com/c/53060a5c6bb3f7d44116d23fICQThu, 20 Feb 2014 08:59:56 -0500http://www.businessinsider.com/c/53060a5c6bb3f7d44116d23f
I still remember when ICQ was the most popular messaging platform. Somebody bought that one, too. I wonder how that paid off.
Whatsup got huge lift when it allowed iphone users to message with Blackberry messenger users. This is now obsolite.
I hear out of North America Viber is the goto messaging, Voip phone app.
Whatever - I removed Whatup, as soon as the news hit the wire.http://www.businessinsider.com/c/53060a4f69bedd9975b86a17andrew beningtonThu, 20 Feb 2014 08:59:43 -0500http://www.businessinsider.com/c/53060a4f69bedd9975b86a17
Yeah the figures add up. But the prospects don't. This was a sequoia driven deal.
Users trust Apple, Amazon, Google, and WhatstApp. But they don't trust Facebook. Without trust FB can't be infrastructure and is a competitor who says "no" away from decline.
FB's core problem is the model. The customer is the advertiser not the user and it shows. I don't want to be repeatedly asked what school I went to. I don't want to have the picture of my ex come up again and again as someone I should friend. I don't want to be bombarded with the teenage ramblings of my children, newphews and nieces. I want a usable UI and privacy. Thats what WA gave me and my family. FB never have. I left Instragram and now I'll leave WA. Because I want my family photos and chats to be private and I don't want to be constantly spammed and questioned.
Do you get it Henry. FB isn't trusted by the global population. And that is not a recoverable position. FB don't even get what the problem is.
It would have made more business sense for WA to take over FB. But sequoia bottled it (lost courage). More fool them. They were already eating FB's lunch.
As for Twitter. Another business that has lost it's way. It's boring Henry.http://www.businessinsider.com/c/53060976ecad04386a16d241JaydeeThu, 20 Feb 2014 08:56:06 -0500http://www.businessinsider.com/c/53060976ecad04386a16d241
I had never heard of WhatsApp before yesterday. Whats interesting to me is why anyone would use the app when your iPhone/Galaxy does the same thing. Now Im 36 and old by todays communications standards because I dont send out 20k texts a month. But, I really just dont get it.http://www.businessinsider.com/c/530608ffecad04b26516d245450 million no metadataThu, 20 Feb 2014 08:54:07 -0500http://www.businessinsider.com/c/530608ffecad04b26516d245
FB will be able to read, wiretap all whatsup communication real time, archived, attributed to real people, no bullshit NSA "metadata".
FB will have secret contracts with all the agencies who care to track 450 million people around the world. And I did not mean ad agencies.
FB, a company can wiretap voluntary idiots without running into constitutional, political landmines.http://www.businessinsider.com/c/5306088369bedd7675b86a12lawrence mauskapfThu, 20 Feb 2014 08:52:03 -0500http://www.businessinsider.com/c/5306088369bedd7675b86a12
Now if I had 19B of real money, I could buy say 30 year Tbonds yielding say 4% and get a very nice 760,000,000 of interest and my money back if the USA pays me back.
Even with virtually no costs and every human with a mobile device, I don't see how you'd do better than 760,000,000 for the next 30 years.
By then nobody around will ever have heard of whatsapp.http://www.businessinsider.com/c/5306070e6da8112f3a80b84feilonwyThu, 20 Feb 2014 08:45:50 -0500http://www.businessinsider.com/c/5306070e6da8112f3a80b84f
When an acquirer pays ~$950 for every dollar of revenue, it's not the act of a visionless fuddy-duddy to have some questions about how the deal was priced.
Let's assume WhatsApp is totally frictionless, so the net profit margin is 100%. If this is year 0, it has to grow an average of 295% each year to pay for itself at the end of year 5. A pay-off time longer than 5 years makes no sense in internet terms, as the next trend will likely be along by then, requiring its own massively expensive pre-emptive acquisition.
If it does the hockey-stick thing and grows 1000% in year 1, it only needs to average 205% growth for the rest of the period. If it can grow 10,000% in year 1, the average annual growth rate needed drops to 75%. These are some pretty big sustained growth rates, when the norm with tech innovations is to shoot up, then level off. This is essentially a bet that this app will totally disrupt how people communicate, on a really massive scale. At that point, an analyst ought to be asking a lot of questions, just because this is a very big thing to try to do. Being a "bold move" doesn't automatically make it right, with no scrutiny.http://www.businessinsider.com/c/5306060deab8eaca7616d24bLOL !Thu, 20 Feb 2014 08:41:33 -0500http://www.businessinsider.com/c/5306060deab8eaca7616d24b
all trade desk are LAUGHING at this deal this morning.It was the joke at my 7 am meeting this morning.http://www.businessinsider.com/c/5306060a6da811ce3280b854AnandThu, 20 Feb 2014 08:41:30 -0500http://www.businessinsider.com/c/5306060a6da811ce3280b854
Meanwhile, if the company's growth trajectory continues, it could easily be pulling in more than $1 billion a year of revenue in a few years.
Meanwhile, if the company's growth trajectory continues, it could easily be pulling in more than $1 billion a year of revenue in a few years
Henry .. how are they going to pull in a billion dollars a year in revenue a few years from now? How did you come up with this forecast? Extrapolating from a negligible base doesn't seem sensible to me ... please advise.http://www.businessinsider.com/c/530604f869bedd1466b86a17Dean WormerThu, 20 Feb 2014 08:36:56 -0500http://www.businessinsider.com/c/530604f869bedd1466b86a17
Like Instagram, Zuck is merely paying back(liquidating) other investors. this has nothing to do with strategy, eyeballs, PEs or other such nonsense. It is all part of the VC keiretsu/Ponzi. this is all a Ponzi on a scale never seen before in historyhttp://www.businessinsider.com/c/5306044b6da8116f2980b867John27Thu, 20 Feb 2014 08:34:03 -0500http://www.businessinsider.com/c/5306044b6da8116f2980b867
No they shouldn't think again, they're right. Facebook is stupid to waste such an immense amount of shareholder value on instant messenger users that aren't worth anything financially, and whose messages aren't worth anything. Zuckerberg should be fired when the massive $15 or $17 billion write-down against this purchase is completed, because WhatsApp can never justify the valuation.
The obsession over users is on par with the last generation's obsession with eyeballs, both are fraudulent concepts. Users are only worth what they generate economically. Facebook was smart to buy WhatsApp, but not for $19 billion. WhatsApp shows that Facebook's business is under dire threat of being worthless. Facebook is a newspaper in the age of Craigslist, there will be a never-ending supply of dirt cheap, terrible business, social apps, with hundreds of millions of users.
The take-away here is simple: the messages aren't worth anything (unless you can hold users hostage ala Verizon and AT&T on SMS and milk them financially, which WhatsApp can't do); the users aren't worth anything. It's about as valuable as webmail or last generation's instant messaging. This will go down as a historic boondoggle of a purchase, soon to show up in those BI slideshows of the 20 worst corporate mergers / acquisitions in history.http://www.businessinsider.com/c/53060120ecad04714716d249jackn3Thu, 20 Feb 2014 08:20:32 -0500http://www.businessinsider.com/c/53060120ecad04714716d249
Heres a headline for you,
Everyone Who Thinks Business Insider Is Stupid for writing 12 'articles' about Facebook Buying WhatsApp For $19 Billion is correct..http://www.businessinsider.com/c/5305ff046da811fa0e80b85fJimmie JohnsonThu, 20 Feb 2014 08:11:32 -0500http://www.businessinsider.com/c/5305ff046da811fa0e80b85f
I am sure you hyped this deal as well Henry... news.cnet.com/AOL-acquires-instant-message-firm/2100-1001_3-212004.html
Just like the good ol days!